The Guide to the Project Management Body of Knowledge (PMBOK®) is divided into two main parts, the various business processes that organizations follow in carrying out projects and the nine knowledge areas applicable to nearly all projects
Indicate whether the statement is true or false.
Answer: TRUE
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______ is a measure of the financial return the organization receives because of something it did to invest in the organization or its people.
A. Economic value added B. Human resource management systems C. Return on investment D. HR scorecard
The method of Lagrange multipliers can only be used in solving nonlinear programming problems with one equality constraint
Indicate whether this statement is true or false.
The purchasing manager was able to bring down the cost of direct materials by purchasing direct materials of a slightly lower grade quality than the company had used previously
The lower grade of direct materials, however, meant a higher defect rate on the assembly line and higher wastage of direct materials during production, which in turn lowered operating income. This situation would lead to a(n) ________. A) favorable direct materials cost variance B) unfavorable direct labor cost variance C) favorable direct labor efficiency variance D) favorable direct materials efficiency variance
In an activity-based costing system, materials receiving would typically be classified as a:
A. facility-level activity. B. unit-level activity. C. period-level activity. D. batch-level activity. E. product-sustaining activity.